TSMC Q1 Net Profit Up 58% Record

TSMC reported record Q1 net profit of T$572.48 bn ($18.15 bn), up 58.3% YoY, beating estimates.
Q1 revenue rose 35% to T$1.134 tn, driven by strong AI chip demand, with CFO forecasting Q2 revenue $39‑40.2 bn, +32% YoY.
CFO warned potential near‑term profit pressure from Middle‑East disruptions to specialty chemicals and energy, though supply commitments mitigate immediate impact.
CEO downplayed competition from Tesla‑xAI‑SpaceX “Terafab” venture and Intel, but noted capacity constraints could delay Nvidia AI chip rollouts.